From this week’s SFSOS.org newsletter: “If you have ever had the urge to slap yourself in the face in that theatrical way people do when they are utterly dumbfounded, now is the time to do it. It seems Supervisor McGoldrick wants to take the building requirement that forces large housing developments to include a percentage of affordable housing units and extend it down to small developments of five or more units.”

“Most of us are aware of “economies of scale.” A large multi-unit development can help defray the costs of subsidizing a few units as affordable (apparently even if your supervisor fleeces you out of $102 million in “impact fees”). But a small five unit building? Certainly that cut from the bottom line will be just enough to dissuade even more developers from building the project at all.”

“Here’s a mathematical problem for Supervisor McGoldrick to solve: If you have a five unit development abandoned because it is financially unfeasible, and one of those units is “affordable,” how many total units of new housing do you have? And for extra credit: how many new units of affordable housing do you have?”

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